Premier Launches Innovative New Generic Injectable Auto-Substitution Program to Help Hospitals Reduce Drug Costs.CHARLOTTE, N.C. -- Hospitals in the Premier Inc. healthcare alliance will save approximately $3 million through an innovative new generic injectable in·ject·a·ble adj. Capable of being injected. Used of a drug. n. A drug or medicine that can be injected. auto-substitution program. Nearly 300 Premier member hospitals have already signed up for the auto-substitution program, which provides average savings of 5 percent off Premier's contract pricing. The program's cross-referenced substitution list links all equivalents, generic-to-generic, brand-to-generic and ampule-to-vial to an auto-substitution product. "We want to ensure that our members have access to the lowest prices on key generic pharmaceuticals," said Susan DeVore, President of Premier Purchasing Partners. "Following the success of several pilot projects, we made the program available to the entire Premier membership." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Premier Pharmacy Vice President Bryant Mangum, Premier established the program with dedicated staffing support "not only to give members access to most competitive pricing for generic injectable products but also to facilitate standardization of generics. Another major goal is to make the program easy to use by member pharmacies." Mangum said that when Premier's new pharmacy portfolio is released in July 2006, the auto substitution program "will include a substantially larger selection of generics as well as further improved reporting systems." Currently, two generic pharmaceutical companies are offering injectable products through the program: Sicor Inc., which offers most generic drugs generic drug, a drug sold or prescribed under the nonproprietary name of its active ingredients or under a generally descriptive name rather than under a brand or trade name. available in its injectable portfolio, and Bedford Laboratories, which offers injectable fenoldopam. Amerisource Bergen, Cardinal, McKesson, and Morris & Dickson will automatically apply discount pricing to auto-substitution orders placed through them. All Premier members are eligible to participate, even facilities classified as disproportionate share hospitals The United States government provides special funding to hospitals who treat significant populations of indigent patients through the Disproportionate Share Hospital (DSH) programs. (DSH DSH Disproportionate Share Hospital DSH Domestic Short Hair (cat) DSH Deliberate Self-Harm DSH Desperately Seeking Help (USENET) DSH Dyschromatosis Symmetrica Hereditaria ), which ordinarily already have lower pricing levels. Some of those facilities have found pricing in the auto-sub program to be better overall. About Premier Inc. Premier Inc., helps hospitals accelerate performance on both clinical outcomes and supply chain costs. Premier is a healthcare alliance entirely owned by more than 200 of the nation's leading not-for-profit hospitals and healthcare systems. These organizations operate or are affiliated with nearly 1,500 hospitals and more than 38,500 other healthcare sites. Premier provides an array of resources supporting health services health services Managed care The benefits covered under a health contract delivery, including clinical and operational comparative data applications for quality/safety performance improvement, group purchasing and supply Purchasing and Supply can have several different definitions. According to the Institute for Supply Management (ISM) [1], purchasing is defined as a major function of an organization that is responsible for acquisition of required materials, services, and equipment. chain services, and insurance programs. Headquartered in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , CA, Premier has offices in Charlotte, NC, Chicago, and Washington, DC. For more information, visit www.premierinc.com. |
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